. >> he and president obama will continue to work on... >> narrator: with a new administration arriving in washington, bankers and their attorneys expected investigations and at least some prosecutions. >> ...$150 billion in mortgage-backed securities. >> smith: was there a sense that there were going to be prosecutions of alleged fraud related to the mortgage crisis? >> i think there was that expectation. i think people had seen the financial crisis. there was obviously a lot of conduct that had gone on that was imoper and i think people were expecting to see some substantial prosecutions. >> the men and women who duped would-be homeowners, who defrauded the american investor, need to be identified, prosecuted, convicted and thrown in jail. >> narrator: in washington, there was broad support for prosecuting wall street. >> i was really upset about what went on on wall street that brought about the financial crisis. not only destroyed the finance... almost destroyed the financial system of the united states, almo destroy the financial system of the world. that doesn't happen if there is